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St Johnsbury Development Fund INC

Not tax-deductible

St Johnsbury, VT501(c)(4)EIN 03-6008758Revenue $108K in FY2025

On file with the IRS1236 Main St, 05819-2688 · St Johnsbury, VTTax-exempt since Feb 1959

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Economic development Economic development in rural Northern Vermont - the fund has been successful in securing several medium-sized manufacturing businesses and increasing the jobs in the St. Johnsbury

100¢ of each $1 spent went to programs.
Run by 31 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $85K a year · 67% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Looks good: 29.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$427K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 31 voting members
Looks good: 31 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$108K
-66% vs prior year
Spent
$91K
To programs
100%
Net assets
$771K
By yearFY2021–FY2025
Revenue
$108K
FY2025▼ -66%
Tap a bar for its year
Revenue by fiscal year
FY2021$902
FY2022$89K
FY2023$112K
FY2024$318K
FY2025$108K
Expenses
$91K
FY2025▼ -88%
Tap a bar for its year
Expenses by fiscal year
FY2021$59K
FY2022$63K
FY2023$98K
FY2024$741K
FY2025$91K
Net assets
$771K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.2M
FY2022$1.2M
FY2023$1.2M
FY2024$752K
FY2025$771K

From the FY2025 Form 990 (year ending September 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1959.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $91K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Jon Freeman
First Vice President
$0Pt VII · Sec A
Aminta Conant
Second Vice President
$0Pt VII · Sec A
Martha Davis
Secretary
$0Pt VII · Sec A
Mark Clough
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Jamie Murphy
Director
$0Pt VII · Sec A
Jeff Moore
Director
$0Pt VII · Sec A
See St Johnsbury Development Fund INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Boosts rural Vermont's economy by attracting manufacturers and creating jobs.

Questions for St Johnsbury Development Fund INC

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Provided by the organization

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1 program · $91K · in their own filed words · FY2024
01

Economic development in Rural Northern Vermont. The Fund has been successful in securing several medium sized manufacturing businesses and increasing the jobs available in the St. Johnsbury Lyndon area. These jobs are paying better than average wages.

$91Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$108K
Ln 12
Other incomeLn 4–11$63K
Investment incomeLn 3$45K
Money outPt IX
$91K
Ln 25
Programscol B$91K
Owns and owesPt X
$771K
net assets · Ln 32
Cash and savingsLn 1–2$225K
Total assetsLn 16$1.2M
LiabilitiesLn 26$427K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a31
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$45K
Other incomeLn 4–11$63K
Gains on assetsLn 7$44K
Total revenueLn 12$108K
Assets in detailPt X, end of year
CashLn 1$225K
Cash and savings togetherLn 1–2$225K
Land, buildings, equipmentLn 10c$966K
Total assetsLn 16$1.2M
LiabilitiesLn 26$427K
Net assetsLn 32$771K
OperationsPt I, VI
EmployeesI 50
VolunteersI 631
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$239K$225K
Land, buildings, equipmentLn 10c$1.6M$966K
Total assetsLn 16$1.8M$1.2M
LiabilitiesLn 26$1.1M$427K
Net assetsLn 32$752K$771K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$635$635$0$0
Accounting feesLn 11c$4K$4K$0$0
Office expensesLn 13$1K$1K$0$0
InterestLn 20$48K$48K$0$0
Depreciation, depletion and amortizationLn 22$32K$32K$0$0
InsuranceLn 23$1K$1K$0$0
Other expenses (24a–d)Ln 24$4K$4K$0$0
Total functional expensesLn 25$91K$91K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $108K$91K$17K$771K 990 PDF
FY2024 $318K$741K−$422K$752K 990 PDF
FY2023 $112K$98K$14K$1.2M 990 PDF
FY2022 $89K$63K$26K$1.2M 990 PDF
FY2021 $902$59K−$58K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $107,658 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $200,000$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $328$44,538
I-11 Other revenuePrior year $118,000$63,120
I-12 Total revenuePrior year $318,328$107,658
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $740,712$90,870
I-18 Total expensesPrior year $740,712$90,870
I-19 Revenue less expensesPrior year −$422,384$16,788
Part VI · Governance 31 of 31 board members independent, 4 to look at
VI-1a Voting members of the governing body31
VI-1b Independent voting members31
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $107,658 across 4 lines filed
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$309
VIII-6 Net rental income or lossRelated to mission $63,120$63,120
VIII-7 Net gain or loss on sales of assetsRelated to mission $44,229 · Unrelated business $0 · Excluded from tax $0$44,229
VIII-12 Total revenueRelated to mission $107,658 · Unrelated business $0 · Excluded from tax $0$107,658
Part IX · Statement of functional expenses $90,870 across 7 lines filed
IX-11b Legal feesPrograms $635 · Management $0 · Fundraising $0$635
IX-11c Accounting feesPrograms $3,937 · Management $0 · Fundraising $0$3,937
IX-13 Office expensesPrograms $1,269 · Management $0 · Fundraising $0$1,269
IX-20 InterestPrograms $47,861 · Management $0 · Fundraising $0$47,861
IX-22 Depreciation, depletion and amortizationPrograms $31,646 · Management $0 · Fundraising $0$31,646
IX-23 InsurancePrograms $1,099 · Management $0 · Fundraising $0$1,099
IX-24 Other expenses (24a–d)Programs $4,423 · Management $0 · Fundraising $0$4,423
IX-25 Total functional expensesPrograms $90,870 · Management $0 · Fundraising $0$90,870
Part X · Balance sheet $1,197,716 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $239,041$224,983
X-10c Land, buildings and equipment, netStart of year $1,589,147$965,733
X-14 Intangible assetsStart of year $7,000$7,000
X-16 Total assetsStart of year $1,835,188$1,197,716
X-17 Accounts payable and accrued expensesStart of year $7,500$3,000
X-26 Total liabilitiesStart of year $1,082,773$427,110
X-27 Net assets without donor restrictionsStart of year $752,415$770,606
X-32 Total net assets or fund balancesStart of year $752,415$770,606
X-33 Total liabilities and net assetsStart of year $1,835,188$1,197,716
Part XI · Reconciliation of net assets $770,606 net assets at year end
XI-1 Total revenue$107,658
XI-2 Total expenses$90,870
XI-3 Revenue less expenses$16,788
XI-4 Net assets at start of year$752,415
XI-8 Prior period adjustments$1,403
XI-10 Net assets at end of year$770,606

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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